Alexandria Q4 AFFO Meets Estimates, Revenues Increase Y/Y

Alexandria Real Estate Equities, Inc. (ARE) reported fourth-quarter 2024 adjusted funds from operations (AFFO) per share of $2.39, meeting the Zacks Consensus Estimate. The reported figure outpaced the year-ago quarter’s AFFO per share of$2.28 by 4.8%.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Results reflected a rise in revenues, aided by decent leasing activity and rental rate growth. However, higher interest expenses year over year undermined the results to some extent. Ale ...